Bitcoin Slips Below $86K as Capital Rotates to BCH and Zcash; BlackRock Adds $1.02B to IBIT
- —Bitcoin dropped to $85,500 after stalling at $87,300, stabilizing near $85,800–86,000
- —BCH surged 28% to $349 after CME announced futures listing on October 19
- —Zcash rose 9% to $1,646; XRP gained 3% to $1.59
- —BlackRock's IBIT took in $1.02 billion over four sessions, holdings now 787,075 BTC
Why it matters: Altcoin rotation is unfolding against a hawkish macro backdrop, but BlackRock's steady buying and a rare moving-average crossover signal continued institutional demand.
Source: Cointribune EN